Golden Chalice Resources Inc.
TSX VENTURE : GCR

Golden Chalice Resources Inc.

August 18, 2010 09:01 ET

Golden Chalice Appoints Trygve Hoy, PhD, PEng, as VP of Exploration

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 18, 2010) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) (the "Company") is pleased to announce Dr. Trygve Hoy has been appointed as Vice President of Exploration.

Dr. Hoy brings extensive knowledge and experience to both the Company's exploration and management teams. He received his BSc in geology from the University of British Columbia, his MSc (geology) from Carleton University, Ottawa, and his Doctorate of Geology from Queens University, Ontario. He joined the British Columbia Department of Mines in 1974 and spent 28 years there as a research economic geologist, mainly concentrating on deposits and their setting in the southeastern part of the province. He has published numerous research papers and many geological maps covering the more highly prospective exploration belts of the province. Dr. Hoy has won several awards, including the Provincial Medal and Julian Boldy awards. He has been an exploration consultant since 2002, concentrating most of his work in southern British Columbia, but including contracts in the Canadian Arctic Islands, Ontario, Mexico, Argentina and Chile. He is a Professional Engineer and a member of the Society of Economic Geologists.

Dr. Hoy will continue to work closely with Kevin Montgomery, P.Geo., project geologist for the Langmuir nickel project, as critical decisions are made in regards to the advancement of both the Lamgmuir Nickel and Radio Hill Iron-Ore Projects, as well as other early-stage exploration properties.

The Company also announces Peter Caldbick, PGeo, has resigned as VP of Exploration to pursue other business opportunities. The Board of Directors wishes to thank Mr. Caldbick for his time and dedication to the Company and wishes him the best in all future endeavors. 

ABOUT GOLDEN CHALICE

On May 19, 2010, the Company announced it had completed a NI 43-101 resource estimate for its flagship Langmuir Nickel Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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